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FTSE 250 movers: Housebuilders crumble, Sirius soars

Tue, 09th Apr 2019 14:56

(Sharecast News) - London's FTSE 250 index was 0.34% lower at 19,449.99 in afternoon trade on Tuesday, as housebuilders and construction outfits pulled the index lower amid continued Brexit confusion.Galliford Try, McCarthy & Stone, Crest Nicholson and Bovis Homes were all lower, alongside construction company Kier Group, company as the Brexit uncertainty rumbles on, with Theresa May bustling around Europe in an attempt to secure an extension and avoid a no-deal Brexit.Stagecoach also dropped as HSBC analysts cut the stock's price target from 165p to 135p, arguing that the transport operator is now "unduly dependent" on the UK and winning rail business."For now, Stagecoach is left looking to UK Bus for any growth, having not found sufficiently attractive international growth opportunities outside North America. But growth in UK Bus will be hard to come by. The big cuts to earnings forecasts now seem, thankfully, to be a thing of the past, but fuel headwinds are turning and SGC will have to run hard to stand still. Growth is being driven by pricing, which management thinks it can still push further," said analysts.At the other end of the pitch, Sirius Minerals soared as its funding deadline approached. The company is aiming to tie up the next round of funding for its $3bn potash project in North Yorkshire by the end of April.Restaurant Group climbed after Citigroup upgraded it from 'sell' to 'neutral' as analysts argued that further downsides should be limited after the fallout from its Wagamama acquisition and the departure of its chief executive.Finally, Sports Direct climbed despite the fact that Debenhams called in administrators after refusing to accept a last-minute lifeline from the sportswear retailer's owner, .Neil Wilson, chief market analyst at Markets.com, said: "Takeover rules mean Mike Ashley and Sports Direct have until 22 April to make a bid, but it does rather seem the die is cast as the board is set to file for administration today. The entire saga has been rather acrimonious and it does look like the Debs board was never going to accept any proposal from Ashley, whatever he was prepared to do for the company."Market MoversFTSE 250 (MCX) 19,449.99 -0.34%FTSE 250 - RisersSirius Minerals (SXX) 24.44p 10.69%Amigo Holdings (AMGO) 232.00p 5.22%Bakkavor Group (BAKK) 135.40p 4.80%Morgan Advanced Materials (MGAM) 266.20p 3.74%Contour Global (GLO) 199.80p 3.20%IntegraFin Holding (IHP) 364.00p 2.71%Restaurant Group (RTN) 114.80p 2.59%Sports Direct International (SPD) 288.20p 2.56%Provident Financial (PFG) 521.80p 2.43%GVC Holdings (GVC) 594.00p 2.13%FTSE 250 - FallersKier Group (KIE) 322.14p -5.48%888 Holdings (888) 155.70p -3.89%Galliford Try (GFRD) 675.35p -3.38%McCarthy & Stone (MCS) 125.60p -3.09%Stagecoach Group (SGC) 133.20p -2.92%Crest Nicholson Holdings (CRST) 373.20p -2.86%Mitchells & Butlers (MAB) 264.76p -2.84%Premier Oil (PMO) 99.77p -2.76%Bovis Homes Group (BVS) 1,075.00p -2.18%Ted Baker (TED) 1,479.00p -2.18%
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20 Jan 2020 07:56

LIVE MARKETS-On the radar: Intu and Fevertree under pressure

Welcome to the home for real-time coverage of European equity markets brought to you by Reuters stocks reporters and anchored today by Julien Ponthus. Reach him on Messenger to share your thoughts on market moves: julien.ponthus.thomsonreuters.com@...

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20 Jan 2020 07:41

LONDON MARKET PRE-OPEN: Anglo Makes Formal Offer For Sirius Minerals

LONDON MARKET PRE-OPEN: Anglo Makes Formal Offer For Sirius Minerals

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20 Jan 2020 07:41

Anglo American to buy Sirius Minerals in ?404.9m deal

(Sharecast News) - Anglo American has agreed to buy Sirius Minerals for 5.5p a share in cash, in a deal that values the fertiliser maker at £404.9m.

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14 Jan 2020 17:17

Anglo American likely to confirm deal to buy Sirius ahead of deadline - sources

* Offer likely to be confirmed in coming days - sources* Anglo and Sirius in talks for 9 months - sources* Anglo unlikely to increase bid value - sourcesBy Barbara Lewis and Clara DeninaLONDON, Jan 14 (Reuters) - Anglo American Plc is likely to conf...

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8 Jan 2020 16:59

LONDON MARKET CLOSE: Stocks Stabilise As US-Iran Tension Deescalates

LONDON MARKET CLOSE: Stocks Stabilise As US-Iran Tension Deescalates

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8 Jan 2020 12:04

LONDON MARKET MIDDAY: FTSE 100 Pares Losses As US-Iran Fears Abate

LONDON MARKET MIDDAY: FTSE 100 Pares Losses As US-Iran Fears Abate

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8 Jan 2020 10:37

UK WINNERS & LOSERS SUMMARY: NMC Health And Finablr Hit By Share Sales

UK WINNERS & LOSERS SUMMARY: NMC Health And Finablr Hit By Share Sales

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8 Jan 2020 09:31

UPDATE 2-FTSE steadies as U.S.-Iran fears ease; Brexit doubts hit midcaps

* FTSE 100 flat, FTSE 250 down 0.8%* Markets stabilise after Iran missile attack* NMC, Finablr tumble after shareholders sell stake* Wood Group down as CMA to probe nuclear unit sale (Writes through)By Shashwat AwasthiJan 8 (Reuters) - London's main...

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8 Jan 2020 08:45

LONDON MARKET OPEN: Caution Prevails, Gold Rises After Iran Retaliates

LONDON MARKET OPEN: Caution Prevails, Gold Rises After Iran Retaliates

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8 Jan 2020 08:02

LONDON BRIEFING: Anglo American Bids For Cash-Strapped Sirius Minerals

LONDON BRIEFING: Anglo American Bids For Cash-Strapped Sirius Minerals

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8 Jan 2020 07:59

UPDATE 3-Anglo American in talks to buy Britain's biggest mine project

* Anglo proposes offer of 5.5 pence per Sirius share* 34% premium to Sirius' last closing price* Sirius shares had plunged amid uncertainty over project (Adds analyst comment)By Yadarisa Shabong and Barbara LewisJan 8 (Reuters) - Global miner Anglo ...

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8 Jan 2020 07:59

UPDATE 2-Anglo American in talks to buy Britain's biggest mine project

* Anglo proposes offer of 5.5 pence per Sirius share* 34% premium to Sirius' last closing price* Sirius shares had plunged amid uncertainty over project (Adds shares, background, CFO comments from media call)By Yadarisa Shabong and Barbara LewisJan ...

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8 Jan 2020 07:59

UPDATE 1-Anglo American in talks to buy Sirius Minerals

(Adds details on deal, background)Jan 8 (Reuters) - Miner Anglo American Plc said on Wednesday it was in advanced talks to buy fertiliser maker Sirius Minerals for about 386 million pounds ($507 million) as it sets its sights on Britain's biggest ...

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8 Jan 2020 07:46

TOP NEWS: Anglo American In Advanced Talks To Buy Sirius Minerals

TOP NEWS: Anglo American In Advanced Talks To Buy Sirius Minerals

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8 Jan 2020 07:44

CORRECT: LONDON MARKET PRE-OPEN: Anglo Bids For Sirius

CORRECT: LONDON MARKET PRE-OPEN: Anglo Bids For Sirius

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